The equity sections from Salazar Groups 2011 and 2012 year-end balance sheets follow. Stockholders Equity (December 31, 2011) Common stock$6 par value, 50,000 shares authorized, 35,000 shares issued and outstanding $ 210,000 Paid-in capital in excess of par value, common stock 170,000 Retained earnings 340,000 Total stockholders equity $ 720,000 Stockholders Equity (December 31, 2012) Common stock$6 par value, 50,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury $ 247,200 Paid-in capital in excess of par value, common stock 219,600 Retained earnings ($60,000 restricted by treasury stock) 400,000 866,800 Less cost of treasury stock (60,000 ) Total stockholders equity $ 806,800 The following transactions and events affected its equity during year 2012. Jan. 5 Declared a $0.40 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.40 per share cash dividend, date of record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stocks market value is $14 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.40 per share cash dividend, date of record October 10